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Safe & Green Development | 10-Q: Quarterly report

Safe & Green Development | 10-Q: Quarterly report

Safe & Green Development | 10-Q:季度报表
美股sec公告 ·  05/15 22:33
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Safe & Green Development Corporation (SG DevCo) reported financial results for the quarter ended March 31, 2024. The company generated revenue of $49,816, primarily from commissions on residential real estate transactions. However, SG DevCo incurred a net loss of $3,067,671, with operating expenses totaling $2,551,491, including significant stock-based compensation costs. The company's financial position was supported by various financing activities, including a line of credit, issuance of convertible debentures, and common stock sales to Peak One Opportunity Fund, L.P. SG DevCo's future plans involve developing properties using proceeds from securities sales and potential financings. The company also acquired Majestic World Holdings LLC, owner of the XENE Home Platform, and entered into an agreement to purchase AI technology MyVONIA. SG DevCo faces challenges, including the need for additional funding and compliance with Nasdaq's continued listing requirements, as it received notices regarding non-compliance with the stockholder's equity and minimum bid price requirements.
Safe & Green Development Corporation (SG DevCo) reported financial results for the quarter ended March 31, 2024. The company generated revenue of $49,816, primarily from commissions on residential real estate transactions. However, SG DevCo incurred a net loss of $3,067,671, with operating expenses totaling $2,551,491, including significant stock-based compensation costs. The company's financial position was supported by various financing activities, including a line of credit, issuance of convertible debentures, and common stock sales to Peak One Opportunity Fund, L.P. SG DevCo's future plans involve developing properties using proceeds from securities sales and potential financings. The company also acquired Majestic World Holdings LLC, owner of the XENE Home Platform, and entered into an agreement to purchase AI technology MyVONIA. SG DevCo faces challenges, including the need for additional funding and compliance with Nasdaq's continued listing requirements, as it received notices regarding non-compliance with the stockholder's equity and minimum bid price requirements.
安全与绿色发展公司(SG DevCo)公布了截至2024年3月31日的季度财务业绩。该公司创造了49,816美元的收入,主要来自住宅房地产交易的佣金。但是,SG DevCo的净亏损为3,067671美元,运营费用总额为2551,491美元,其中包括大量的股票薪酬成本。该公司的财务状况得到了各种融资活动的支持,包括信贷额度、发行可转换债券和向Peak One Opportunity Fund出售普通股。L.P. SG DevCo的未来计划涉及使用证券销售和潜在融资的收益开发房产。该公司还收购了XENE Home Platform的所有者Majestic World Holdings LLC,并签订了收购人工智能技术MyVonia的协议。SG DevCo面临挑战,包括需要额外资金和遵守纳斯达克的持续上市要求,因为它收到了有关不遵守股东权益和最低出价要求的通知。
安全与绿色发展公司(SG DevCo)公布了截至2024年3月31日的季度财务业绩。该公司创造了49,816美元的收入,主要来自住宅房地产交易的佣金。但是,SG DevCo的净亏损为3,067671美元,运营费用总额为2551,491美元,其中包括大量的股票薪酬成本。该公司的财务状况得到了各种融资活动的支持,包括信贷额度、发行可转换债券和向Peak One Opportunity Fund出售普通股。L.P. SG DevCo的未来计划涉及使用证券销售和潜在融资的收益开发房产。该公司还收购了XENE Home Platform的所有者Majestic World Holdings LLC,并签订了收购人工智能技术MyVonia的协议。SG DevCo面临挑战,包括需要额外资金和遵守纳斯达克的持续上市要求,因为它收到了有关不遵守股东权益和最低出价要求的通知。
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